PDT Partners LLC Has $1.59 Million Stock Position in Wix.com Ltd. (NASDAQ:WIX)

PDT Partners LLC reduced its position in Wix.com Ltd. (NASDAQ:WIX) by 44.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,512 shares of the information services provider’s stock after selling 7,463 shares during the period. PDT Partners LLC’s holdings in Wix.com were worth $1,590,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares in the last quarter. CWM LLC lifted its position in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the period. Advisors Asset Management Inc. grew its position in Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 130 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Wix.com by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Price Performance

Shares of WIX opened at $223.74 on Monday. The company has a market capitalization of $12.27 billion, a PE ratio of 139.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.55. Wix.com Ltd. has a one year low of $100.13 and a one year high of $224.33. The company’s fifty day moving average price is $176.92 and its 200 day moving average price is $166.67.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Needham & Company LLC restated a “buy” rating and issued a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. Robert W. Baird upped their target price on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Piper Sandler boosted their price target on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, UBS Group raised their price objective on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $210.71.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.